The grid transition is changing how and when electricity is generated and consumed. This makes planning and operating the grid, managing trading risk and reducing scope 2 emissions increasingly challenging. Innowatts BTM Identification provides meter level visibility to which meters have Electric Vehicles (EVs), PhotoVoltaics (PVs) and Heat Pumps. We use these Insights to inform our forecasts, identify flexibility, and provide our customers the data they need to understand and target the end users with appropriate products and services.
Understanding how each meter’s load changes in relation to each degree increase or decrease in temperature is a key input into our award winning forecasts. This Insight can be used by our customers to identify which meters are best suited for various interventions and products. For example, the deployment of local storage or if they are suited for thermal measures including the provision of upgraded HVAC for efficiency, increased insulation, pre-heating / cooling routines etc.
This easy to use feature is a must-have for teams buying and selling on the power market. Innowatts’ Wholesale Settlements solution allows for the automated capture of wholesale charges, reconciliation and native integration with industry-leading billing providers, allocation of charges against your portfolio at the meter level, and allocation using estimated calendarized consumption. This important capability enables your organization to reduce manual work and improve operational efficiency, while leveraging meter level data to accurately allocate charges.
Employing 50 million meters and two of the best Risk Management and Demand Insight solutions in the power and energy industry, our Mark-to-Market capability is as comprehensive as you will find. Armed with various pricing scenarios and data-backed examples, the Innowatts’ Mark-to-Market Insight will give you and your team an accurate assessment of where you stand.
With the drive to net zero and the increasing reliance on renewable energy, matching supply to demand is becoming increasingly challenging. To counter this, market mechanisms to support load flexibility are on the rise. As the balance shifts from thermal to renewable generation, participants need to access the flexibility of smaller and more distributed devices. Innowatts BTM Insights identify which meters have optionality now and in the future. Alerts from these Insights can be pushed to control systems to drive action.
Take an extensive look at your customer base and understand what makes the most economic sense for you and your customers with our Profitability Analysis Insight. By examining granular, meter level data, our analysis provides detailed segmentation of customer behavior based on variables including peak contribution, weather intensity, energy intensity, and economic value. These Insights allow for improved energy plan options while meeting and exceeding reliability and affordability goals.
Connecting to data at a granular level enables Innowatts AI to Extract Insights into the usage and generation of electricity behind every meter. Be that a meter at a home, office, commercial or industrial facility or from within the power network. These Insights, in conjunction with our proprietary weather service and bottoms up approach, enables us to deliver award winning forecast accuracy at any level of aggregation within your portfolio and for any time horizon.
The proliferation of Photovoltaics (PVs), Batteries, and other Behind the Meter (BTM) generation, has reached a point where they are having a meaningful impact on demand forecasts. Innowatts ability to identify BTM devices and generate individual forecasts, helps to ensure that the net demand is accurately comprehended. Additionally the generation forecast acts as a key input in the forecasting of load optionality.
Traders and Risk Managers need to anticipate likely wholesale price moves and system peaks. A key factor in driving these pricing moves is the total system load for the market in which you are operating. Innowatts provides an industry leading 14 day ISO Forecast with proven performance during extreme weather events.
Utilizing Innowatts Demand Insights, you can determine your outstanding exposure using our Net Open Position capability which forms part of the Innowatts Risk Management solution. Using meter and interval level data, you and your team will have improved transparency to better understand the risk of your Net Open Position and optimize your commodity risk.
By combining historic usage data, portfolio growth estimates and our BTM Insights, the Scenario Analysis service enables you to model the impact of a variety of weather patterns on your energy portfolio. Scenarios can be applied and analyzed for forecasted load and or generation forecasts from meter level right up through system level views.
In many markets, the cost of Transmission and Distribution (T&D) charges is calculated based on the recorded usage for an individual meter at the times of system peaks within specified months of the year. Innowatts System Forecasts combined with Meter Level Forecasts and Load Optionality provide you with the ability to understand when these peaks will occur, what load you can shift and drive action to reduce your T&D charges.
Drive load changes by understanding which meters have future flexibility, and push notifications to end users and control systems. Our BTM Insights identify and forecast load optionality of BTM devices, and by using our platform’s Alerting and Integration functions, users can drive meaningful change in load shapes and reduce their cost of supply.
The Innowatts Load Scheduling solution will simplify operations for your team. Seamlessly tie your forecast to a demand bid submission in as few as two clicks. You can submit your bid for your whole portfolio by REP brand or EDC. Innowatts Load Scheduling is available for the following ISOs; ERCOT, PJM, MISO, NY-ISO, ISO-NE; and we continue to add new markets. The solution will make your data flow smoother and improve transparency through the management approval feature which enables you to make last minute adjustments for additional risk mitigation. Finally, thanks to its 100 percent submissions automation capability, you can have the peace of mind that your operations are running smoothly without introducing human errors.
Innowatts AI extracts Insights to identify behind which meters flexible load resides. Our forecasting services then determine the optimum times for these assets to support demand response without causing interruption to the end users service. Availing of our Alerting and Integration services you can push notifications to your demand response provider to inform them which loads, generation or storage to activate and when.
Designed with your bottom line and energy spend in mind, the Innowatts Risk Management solution leverages your energy data along with our granular data Insights to help you optimize your commodity risk. It also provides hourly reporting of demand-supply positions to ensure you are getting real time data to view exposure, whether by block, shape or swing – you set the parameters. Your team also benefits from our platform’s dynamic ability to analyze weather, load and supply scenarios to enable smart supply hedging decisions and thereby reducing gross margin volatility. Our advanced engineering also ensures the safe and secure end-to-end integration ability with ETRM systems to promote seamless data transfer and transparency.
The Innowatts Carbon Insights and granular meter-level approach is an invaluable tool to assist you in achieving your decarbonization goals. Our Insights can enhance your carbon accounting, thereby identifying and eliminating Scope 2 carbon emissions. The Insights also enable a detailed DER deployment strategy to further reduce carbon and promote load optionality. Thanks to the Carbon ID feature, the Innowatts Platform will report outlier usage and carbon production, allowing for better allocation of capital to further combat carbon and promote sustainability.
For Retailers, our Profitability Insight works at a meter level to enable you to develop marketing strategies to retain and grow your most profitable customers. Trading and Risk Teams can use our forecasts to reduce imbalance charges, inform hedge trades, monitor Net Open Position and Mark-to-Market.
Our platform enables you to distill Insights to identify customers of interest by using InnoPODs – Innowatts Personalized Opinionated Datasets. Information from an InnoPOD can be visualized via a variety of popular business intelligence tools, for example Power BI, or shared via API or pushed to third party systems to trigger downstream workflows.
Innowatts has partnered with world-class billing software leader ESG to provide billing and accounting services. This partnership leverages Innowatts award-winning SaaS platform combined with industry veteran ESG to create a complete, seamless, and most importantly – accurate – billing system so your company can focus on driving and growing revenue.